Statement from President Joe Biden on Unemployment Insurance Claims
Statement from President Joe Biden on Unemployment Insurance Claims Our economic recovery has two key components: getting America back to work, and getting prices and supply chains back to normal. Simply put, it is about jobs and prices. Today, we received further evidence that our jobs recovery is one of the strongest ever. The number of Americans filing for unemployment last week was the smallest since 1969. The four-week average is now near the average for my predecessor even before the pandemic hit. This follows last week’s news that the unemployment rate has dropped to 4.2%, the fastest year-to-date decline in unemployment on record. We’ve added nearly six million jobs this year – the most of any first year President in history. And the number of people receiving unemployment benefits – which was over 18 million when I took office -- is now at about 2 million. It is the fastest movement of people from relying on government support to earning a weekly paycheck i...